It’s estimated that it would take $3.6 trillion to bring America’s infrastructure up to date by 2020. Across the nation, our bridges, pipelines, roads and railroads are in dire need of repair and modernization. In fact, it would cost $600 billion over 20 years to modernize our country’s entire water and sewer systems.
To address these needs, we need not only an increased commitment from federal, state, and local governments, but also increased investment from the private sector.
To highlight both the need and the opportunity, Vice President Biden visited DC Water’s $2.6 billion Clean Rivers project -- funded by an innovative “Century Bond” -- where he announced new steps that federal agencies are taking to leverage private-sector capital, innovation, and expertise to improve our nation’s infrastructure.
Vice President Joe Biden tours the Anacostia Tunnel Project with Mayor Muriel Bowser, Representative Eleanor Holmes Norton, Secretary of Agriculture Tom Vilsack and EPA Administrator Gina McCarthy, in Washington, DC. January 16, 2015. (by David Lienemann)
No comments:
Post a Comment